Private sector run hospital made £2.3m loss in first quarterBMJ 2012; 345 doi: https://doi.org/10.1136/bmj.e5307 (Published 03 August 2012) Cite this as: BMJ 2012;345:e5307
- Ingrid Torjesen
The first financially challenged NHS hospital to have its management franchised out to the private sector has recorded a loss of £2.3m (€2.9m; $3.6m) in the first quarter of this financial year.
In February this year Circle took over the management of Hinchingbrooke Healthcare NHS Trust in Cambridgeshire, which had debts of around £40m. At the time, Circle said it was confident it could turn the trust’s fortunes around and drew up a 16 point transformational plan to make cost improvements of £9.9m this …